Burbank's Colony Theatre has come back from the financial brink again and is preparing to launch its next season in September, thanks to a grant from the Marilyn P. & Wayne H. Kohl Memorial Fund.
Last fall, the Colony, which moved to Burbank in 2000, announced a goal of raising $500,000 to forestall a potential mid-season shutdown and put the theater on a more firm financial footing.
Creative Director Barbara Beckley said Thursday that because of donations and one large financial backer, the theater was able to finish last season, but that the grant made it possible to officially confirm the next season.
The season has a $1-million budget, which Beckley said is drawn from, in addition to the grant, subscriptions, single-show tickets and donations.
"We can predict that [subscription and ticket] money will come in… In the last three years, it hasn't been enough to cover us for the season," she said. "The grant plugged the hole."